The tech world is all atwitter over accusations of arrogance. In an essay in the Wall Street Journal headlined “Silicon Valley Has an Arrogance Problem,” Farhad Manjoo decried the industry’s “superiority complex” and wrote: “For Silicon Valley’s own sake, the triumphalist tone needs to be kept in check.”
Peter Thiel got rich investing in PayPal and Facebook Inc. before most people knew them, built a hedge fund that at its apex managed $7.2 billion, and forecast the collapse of the U.S. housing market. He also lost almost two-thirds of his clients’ money.
Facebook Inc. director Peter Thiel, who sold more than 16 million shares in the company’s initial public offering, has given himself added flexibility to sell more of his holdings, a regulatory filing shows.
Peter Thiel, whose Clarium Capital Management LLC lost 90 percent of assets from its peak until the end of last year, plans to invest the global macro hedge fund in what made him a billionaire: private technology ventures.
Peter Thiel, the billionaire venture capitalist and PayPal Inc. co-founder who has encouraged would-be entrepreneurs to drop out of college, will teach a lecture course at Stanford University on startups.